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Is digital currency legal in China? How to use it?

Digital currency issued by our country is legal in itself, but for example, those issued by some countries may not be used normally, but those issued by our family can actually be used in our country, but they are not widely used now. In 2020, China will issue digital currency, and digital currency can be used in some special fields. During the China New Year, some places will issue digital currency for people to use. Digital currency needs scan code payment, so if there is a digital currency, just like we use Alipay payment code, we can pay it directly to the merchants.

digital currency

Digital currency will become the mainstream payment method in China in the future, or our country is strengthening digital payment. When all of us are using digital currency, perhaps some things with payment function, such as Alipay WeChat, will become non-essential for payment. Of course, our payment only exists in a few pilot projects now, so there is no need to pay too much attention to it, but I believe our country will eventually popularize digital currency.

Digital currency and payment system

In fact, to put it simply, the Alipay we are using now, or WeChat payment, is just a means of payment, not the monetary system we see ourselves. Moreover, such a system is private and easy to cause many problems. When we have digital currency, our property security can be guaranteed, which is what our country thought when vigorously promoting digital currency. digital currency can also see that it can prevent money laundering to the existing extent.

In our current cognition, digital currency is the electronic version of RMB that we see. Anyway, we need to carry out certain reforms according to the development level of the country or science and technology. Digital currency is a good example. After all, if all assets are in the name of private enterprises, the state will have less control over financial risks. This is the real value of digital currency. The digital currency issued by China is legal and can be used as the current payment code for payment.